Analysts at Royal Bank of Canada initiated coverage on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report issued on Tuesday, MarketBeat reports. The firm set an “outperform” rating and a $27.00 price target on the stock. Royal Bank of Canada’s price objective points to a potential upside of 23.01% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. B. Riley assumed coverage on Industrial Logistics Properties Trust in a report on Tuesday. They set a “buy” rating and a $30.00 target price for the company. Bank of America assumed coverage on shares of Industrial Logistics Properties Trust in a research note on Tuesday. They set a “buy” rating and a $25.00 price objective for the company. Finally, UBS Group assumed coverage on shares of Industrial Logistics Properties Trust in a research note on Tuesday. They set a “neutral” rating and a $23.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.20.

Industrial Logistics Properties Trust (NASDAQ ILPT) opened at $21.95 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.07 and a quick ratio of 0.07. Industrial Logistics Properties Trust has a 1-year low of $17.21 and a 1-year high of $24.00.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/02/08/industrial-logistics-properties-trust-ilpt-research-coverage-started-at-royal-bank-of-canada.html.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties throughout the United States. The Company owns 266 properties with a total of approximately 28.5 million square feet, including: 226 buildings, leasable land parcels and easements totaling approximately 16.8 million square feet located on the island of Oahu, Hawaii; and 40 properties with approximately 11.7 million square feet located in 24 other states.

Receive News & Ratings for Industrial Logistics Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Logistics Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.